Financial Modelling in the Oil and Gas Industry

22nd November to 23rd November 2010,
London, United Kingdom

The Financial Modelling in the Oil & Gas Industry conference is the only event which provides relevant and timely information on all the important influences in your company’s key financial decision making. This year's event will gather industry experts to discuss topics including post-recession risk management, the outlook for energy markets and the key practices for effective financial modelling in upstream oil and gas projects.

This two day conference provides a unique opportunity to gain invaluable insight from the industries top minds, assess the benefits of the latest solutions and models and interact and engage in a practical forum to ensure you make the right decision for your business.

10:30 Valuation and hedging of counterparty risk in commodity transactions

Mats Kjaer, Vice President Quantitative Analytics, Barclays Capital

• What happens at default - the role of the ISDA master agreement and credit support annexes (CSAs)
• Unilateral CVA - only the counterparty can default - valuation and hedging
• Extensions - bilateral CVA and right and wrong way risk.

11:10 Morning Coffee

11:40 Gas price risk from the perspective of an integrated energy company

14:40 The impacts of unconventional gas – what does it mean for gas industry modelling?

Alexander Engh, Senior Advisor, Sund Energy

• Potential and uncertainty of unconventional gas – volume, cost and location over time
• Possible impacts of unconventional gas on global gas: supply, demand, prices
• Decision making in gas – production in large conventional fields as well as smaller unconventional, infrastructure, strategy
• Other ‘right answers’ for future developments are also becoming more diverse
• Should models be adjusted to provide better answers and risk management for robust solutions?

15:20 Afternoon Tea

• Examining the impact of unconventional gas for European gas and oil
• Short term gains and long term problems of shale gas production
• Economic and commercial considerations of unconventional gas ventures
• The scramble for shale – examining Exxon, Shell & BP’s shale gas deals

Nick Grealy, Publisher, No Hot Air

Michael Sewalt, Risk Manager, Centrica Energy

Eyvind Aven, Vice President Strategic Risk, Statoil

16:30 Investments and Financial Modelling in Renewable Projects

Peter Pollak, , eSolve Partners LLP

• Modelling renewable projects, investments and prospects
• Unique aspects of modelling renewable projects
• Research and development investments and the likely long term pay offs
• Expected returns and evaluation of different technologies, projects & sites

13:00 Networking Lunch

14:00 Cause and effect of the gas-oil price gap

• Oil and Gas price linkages - causation vs. correlation - what is the natural order of things?
• Regional Gas Market Structures and price formation - what has changed what remains familiar?
• Dynamics facilitated by flexible LNG volumes - the new interconnected system
• What are the implications for the future?

Workshops

Workshop

Copthorne Tara Hotel

Scarsdale Place
Kensington
London W8 5SR
United Kingdom

The Copthorne Tara Hotel London Kensington is an elegant contemporary four-star hotel in prestigious Kensington, located just a two minutes walk from High Street Kensington underground station, making exploring easy. The hotel offers well-appointed and comfortable guest rooms combining Standard, Superior and Club accommodation. Club rooms offer iconic views over the city and include Club Lounge access for complimentary breakfast and refreshments. Guests can sample the authentic Singaporean, Malaysian and Chinese cuisine at Bugis Street, traditional pub fare at the Brasserie Restaurant & Bar or relax with a delicious drink at West8 Cocktail Lounge & Bar.

The Copthorne Tara Hotel boasts 745 square meters of flexible meeting space, consisting of the Shannon Suite and the Liffey Suite, ideal for hosting conferences, weddings and social events. Facilities include access to the business centre 24 hours a day, fully equipped fitness room, gift shop, theatre desk and Bureau de Change. With ample onsite parking outside the London congestion charge zone and excellent transport links via Heathrow Airport, the hotel is the perfect location for business or leisure stays. The hotel is within close proximity to the shops of High Street Kensington, Knightsbridge and Westfield London, Olympia Conference Centre, Royal Albert Hall, Kensington Palace and Hyde Park.

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WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy,
which maintains that in order to be effective, learning should be organised and
structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional
competence’

CPD is a common requirement of individual membership with professional bodies and
Institutes. Increasingly, employers also expect their staff to undertake regular
CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do
not become obsolete, and allows for best practice and professional standards to
be upheld.

CPD can be undertaken through a variety of learning activities including instructor
led training courses, seminars and conferences, e:learning modules or structured
reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with
a collective membership of circa 4 million professionals, and they all expect their
members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked
to a licence to practice, for others it’s obligatory. By ensuring that their members
undertake CPD, the professional bodies seek to ensure that professional standards,
legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide
online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’
or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve
within a given time period. These schemes can also use different ‘currencies’ such
as points, merits, units or credits, where an individual must accumulate the number
required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of
learning.

‘Output’ based schemes are learner centred. They require individuals to set learning
goals that align to professional competencies, or personal development objectives.
These schemes also list different ways to achieve the learning goals e.g. training
courses, seminars or e:learning, which enables an individual to complete their CPD
through their preferred mode of learning.

As a formal provider of CPD certified activities, SMI Group can provide an indication
of the learning benefit gained and the typical completion. However, it is ultimately
the responsibility of the delegate to evaluate their learning, and record it correctly
in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces
and looking to the UK to benchmark educational standards. The undertaking of CPD
is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk